U.S. May crude gained $2.21 to settle at $105.23 a barrel, having slipped to $102.06, but breaking its fall before threatening the 100-day moving average of $101.32. U.S. crude gained 4.2 percent in the first quarter.
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Tuesday, 3 April 2012
NYMEX CRUDE
NYMEX crude for May delivery was down 33 cents at $104.90 a barrel by 0028 GMT, after settling up $2.21 at $105.23.
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OIL
Oil prices rose a second day on Monday, gaining 2 percent as loading delays for North Sea crude cargoes added to concerns about global supply disruptions and as supportive U.S. manufacturing data countered disappointing economic figures from Europe.
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PLATINUM
Platinum stood at a discount of about $20 below gold prices, after reversing to a premium in March.
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SILVER
Speculators in silver cut bullish exposure, reducing net length by 3,284 lots to 17,031 contracts — the lowest level since the week of Jan. 29, when they were long on 16,034 lots.
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LME COPPER
Three-month copper on the London Metal Exchange slipped 0.3 percent to $8,614.25 a tonne by 0105 GMT, its first loss in four sessions.
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COPPER
The most-active copper for April delivery on the MCX last ended 1.71 percent higher at 439.05 rupees per kg, after hitting a high of 440.20 rupees, a level last seen on March 26.
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